MN Investments, LLC, a real estate company dedicated to the acquisition, renovation and management of multifamily properties, announced that it closed a $5 million financing facility with Parliament Capital Management, LLC that will allow the acceleration of its growth and expansion in the market. Currently, the company has a portfolio of 220 apartment units throughout […]
Wovenware, a nearshore provider of Artificial Intelligence (AI) and digital transformation solutions, announced that the US Patent and Trademark Office has issued it Patent No. 11,024,032 B1. The patent addresses the company’s system and method for generating synthetic overhead imagery based on cluster sampling and spatial aggregation factors of existing data-sets. Wovenware uses the patented […]
The US Department of Agriculture (USDA) announced that it is accepting Fiscal 2021 applications for grants to create a revolving loan fund to build and improve water and wastewater disposal systems in rural areas. The USDA is making funds available through the Water and Wastewater Projects Revolving Funds Program, said Luis R. García, acting state […]
Dairy producer Suiza Dairy announced an expansion of its manufacturing plant in Aguadilla to add new state-of-the-art equipment to integrate new products, company executives said. The new products are the result of a two-year expansion at Suiza Dairy’s Aguadilla plant, known as Planta Vida, where in 2019 it unveiled a $42 million upgrade. Since then, […]
Acai Express announced plans to significantly expand its locations in Puerto Rico during 2021, to more than double the number of units operated under the brand at the beginning of last year. The company started 2020 with a total of 20 locations. The local franchise has already opened 31 locations in Puerto Rico with the […]
[COMMENTARY] The poor condition of Puerto Rico’s electric grid is common knowledge. After Hurricane María struck in 2017, many communities lost power for months. This long outage led to almost 3,000 deaths and an exodus of residents. Still recuperating from the aftermath of María, the southern part of the island was hit by a major […]
During the past 12 months, I have observed unexpected reactions and behaviors in our people, which may indicate signs of an anti-tourist sentiment with some racist overtones. While there are reports of irreverent and reckless behavior from young African American visitors, our expressions and comments on the news and social media have gone far beyond […]
The Parador Boquemar hotel in Cabo Rojo is launching the first phase of a $150,000, six-month remodeling project that will be ready by year’s end, property officials announced. So far, 20 of its 75 rooms have been upgraded, as the property gets ready for “a great number of people during the summer, owner Ángel Rodríguez […]
There are currently 168 projects underway to rehabilitate the areas and structures that were affected by the 2020 earthquakes along Puerto Rico’s southern region, the Federal Emergency Management Agency (FEMA) said. Projects include allocations for the municipalities of Mayagüez and Ponce. About $185,000 from the agency are earmarked to repair the Castilo Serralés, the Salazar […]
In an effort to continue promoting the reactivation of the economic activity generated by the tourism sector, the Puerto Rico Tourism Co. unveiled a multi-pronged advertising and marketing plan to promote domestic tourism under the VoyTuristeando brand. During a presentation to mayors, directors of municipal tourism offices and members of the local tourism industry gathered […]
EDITOR’S NOTE: This sponsored post is brought to you by Porsche Center Puerto Rico. The third “Porsche NEXT Digital Innovation Forum” will be held June 9, at 7 p.m. at Porsche Center Puerto Rico and can be seen on the Splash virtual platform and Facebook Live (@PorscheCenterPuertoRico). The German sports car brand is committed to […]
Allied Universal, a Santa Ana, CA-based security and facility services company, is seeking to hire 100+ security professionals in Puerto Rico. The company is hosting hiring events on June 5 and June 12 from 10 a.m. to 2 p.m. at the following five locations: Plaza del Norte in Hatillo; Plaza del Sol; Plaza Río Hondo; […]
US Department of Agriculture Deputy Under Secretary for Rural Development Justin Maxson announced that the agency is seeking applications for grants to make housing repairs for low- and very-low-income rural residents. The grants are being provided through the USDA’s Housing Preservation Grant program. Luis R. García, acting State Director for Puerto Rico said eligible applicants […]
Green House, the recently inaugurated medical cannabis dispensary in Ponce, will be providing orientation and facilitating the certification process for patients as part of a special opening offer on June 6, company officials announced. Through its Canna Facilitator program, Green House’s specialized staff will be offering orientation services, medical recommendations, certification from the Puerto Rico […]
In the past year, 79% of Puerto Ricans have made online purchases, which places the island among the top five most active places when it comes to buying through the internet, according to “The Connected Consumer,” a study commissioned by the Chamber of Marketing, Industry and Food Distribution (MIDA, in Spanish). The analysis, which is […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA